Raymond James Financial Services Advisors Inc. decreased its stake in shares of Enerplus Corporation (NYSE:ERF) (TSE:ERF) by 3.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 26,014 shares of the oil and natural gas company’s stock after selling 1,035 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Enerplus Corporation were worth $211,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cubist Systematic Strategies LLC lifted its holdings in Enerplus Corporation by 372.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 110,190 shares of the oil and natural gas company’s stock worth $895,000 after purchasing an additional 86,859 shares in the last quarter. Royal Bank of Canada lifted its holdings in Enerplus Corporation by 2.1% during the 2nd quarter. Royal Bank of Canada now owns 10,110,081 shares of the oil and natural gas company’s stock worth $82,094,000 after purchasing an additional 203,904 shares in the last quarter. Guardian Capital LP purchased a new stake in Enerplus Corporation during the 2nd quarter worth about $41,357,000. OxFORD Asset Management LLP purchased a new stake in Enerplus Corporation during the 2nd quarter worth about $859,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Enerplus Corporation by 53.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 711,687 shares of the oil and natural gas company’s stock worth $5,779,000 after purchasing an additional 247,253 shares in the last quarter. 51.22% of the stock is currently owned by institutional investors and hedge funds.
Enerplus Corporation (NYSE:ERF) opened at $9.69 on Tuesday. The firm has a market capitalization of $2,382.55, a PE ratio of 15.14 and a beta of 1.37. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.41. Enerplus Corporation has a one year low of $6.26 and a one year high of $10.33.
Enerplus Corporation (NYSE:ERF) (TSE:ERF) last announced its quarterly earnings data on Friday, August 11th. The oil and natural gas company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.08 by $0.16. The firm had revenue of $191.57 million for the quarter, compared to analyst estimates of $257.94 million. Enerplus Corporation had a return on equity of 14.21% and a net margin of 121.44%. During the same period in the prior year, the company earned ($0.77) EPS. equities analysts predict that Enerplus Corporation will post 0.96 earnings per share for the current fiscal year.
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Monday, October 30th will be given a dividend of $0.008 per share. The ex-dividend date of this dividend is Friday, October 27th. This is a positive change from Enerplus Corporation’s previous monthly dividend of $0.01. This represents a $0.10 annualized dividend and a dividend yield of 0.99%. Enerplus Corporation’s dividend payout ratio is 3.08%.
A number of brokerages recently issued reports on ERF. Zacks Investment Research raised Enerplus Corporation from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Monday. BidaskClub lowered Enerplus Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. ValuEngine upgraded Enerplus Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. CIBC initiated coverage on Enerplus Corporation in a research note on Wednesday, October 18th. They issued a “sector outperform” rating on the stock. Finally, Canaccord Genuity restated a “buy” rating and issued a $16.00 target price on shares of Enerplus Corporation in a research note on Thursday, November 9th. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. Enerplus Corporation has an average rating of “Buy” and a consensus price target of $14.17.
Enerplus Corporation Profile
Enerplus Corporation is an oil and natural gas company. The Company’s oil and natural gas property interests are located in the United States, primarily in North Dakota, Montana, and Pennsylvania, as well as in western Canada in the provinces of Alberta, British Columbia and Saskatchewan. The Company’s oil and natural gas property interests contains proved plus probable gross reserves of approximately 14.3 million barrels (MMbbls) of light and medium crude oil, 39.0 MMbbls of heavy crude oil, 123 MMbbls of tight oil, 18.1 MMbbls of natural gas liquids (NGLs), 126.3 billion cubic feet (Bcf) of conventional natural gas and 1,002.8 Bcf of shale gas, for a total of approximately 382.5 million barrels of oil equivalent (MMBOE).
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